Economists define an efficient use of resources as a situation where

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Business

Karla Anderson

3 March, 20:53

Economists define an efficient use of resources as a situation where

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Maxwell · Answer 1

According to economists the efficient use of resources is a situation where one person can be made to look better in the scenario, but only by making another person look worse. Inefficient use of resources or insufficient resources brings scarcity in the economy.